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collection act because it is going to make online businesses the tax collectors for the nation. and as the "wall street journal" pointed out in an editorial today called "the internet sales tax rush," it actually puts brick and mortar, puts the internet businesses at a disadvantage to brick and mortar businesses in terms of requiring -- making requirements on online businesses to collect taxes for transactions that the online businesses would not have to. and for a state like mine of new hampshire where we do not have a sales tax, this is also particularly onerous and really tramples on the decision that new hampshire has made to not have a sales tax. but most importantly, where we stand right now with the -- with the bill pending on the floor, you know, so many times there is so much around here that happens that does not go through regular order, and yet we have been talking on both sides of the aisle how important it is that when we have a major piece of legislation, which certainly this is, that we must go through regular order and that you just heard from the chairman of t
's winter of discontent, when britain had double-digit inflation, a top income tax rate of 83% and rising unemployment. and she revolutionized the economy with free-market ideas in her ten years of service that ushered in a new decade of prosperity. when she took office, the top income tax rate was 83%. it was cut to 60% and then to 40%. the middle tax rate was cut to 30%. and the lowest tax rate was eliminated altogether. when she took office, the top corporate tax rate was 53%. she cut it to 35%. the top capital gains tax rate was a stifling 75%. thatcher cut it to 30%. and as a result, a progrowth policies, unemployment fell from a high of 12% early in her tenure to 7.5% near the end. public spending as a percentage of g.d.p. fell from 45.1% of g.d.p. to 39.4% of g.d.p. and inflation fell from almost 22% in 1979 to a low rate of 2.4% in 1986. but perhaps the most telling tribute to margaret thatcher's leadership is that three days after she gave her britain await speech, that heroic speech she was dubbed "the iron lady" in the communist news outlet "the red star." when your military en
tax, that that money be spent on american made steel, con secrete -- concrete, bridges, buses, trains, whatever. it could work. one example, in the bill there was an opportunity for amtrak to buy new locomotives. about half a billion dollars to be spent on these new locomotives. in that section of law, one sentence was added that said these must be 100% american made. no one was making locomotives in america before that. but siemens, the german corporation, one of the biggest manufacturers in the world said, oh, half a billion dollar well, can make locomotives in america, sure. in sacramento, california, they opened a manufacturing plant, probably somewhere between 200 and 300 people working there today manufacturing 100% american made locomotives and on may 134, three years after they began this process, the first 100% american made locomotive in probably more than a century rolled onto the tracks of america. we can do this. h.r. 549 will provide that opportunity, using american-taxpayer money. i have another bill that does the same for wind and solar projects. we can do these things
to pay respect to those faithful americans who filed their tax returns this week. only with a stark reminder of the enormous burden we have placed upon them with our complicated tax code. you know, it's been like a snowball going down a hill. it just gets bigger and more bloated the more cumbersome with each passing year. mr. pittenger: mr. speaker, this needs to stop. we added 4,400 changes to the tax code in the last 10 years. we can make it better. house republicans have a plan. we have a plan to reform the tax code, to make it simpler, to make it fairer, to make it responsible to the american people, put more money in their paychecks and to give more money to them to take care of their families. mr. speaker, american taxpayers deserve better, and we're going to do it. thank you. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from the great state of california sook recognition? -- seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one
country as a person who will. third, undocumented workers to pay taxes and contribute to the labor needs should be given a vehicle to earn a labor status. we currently have a broken immigration system and that is why the american health care physician has crafted basic principles of what comprehensive immigratiorerm ould ide ilevs still reviewing senate bill 744, i believe it captures most of the needs of immigration reform. in conclusion, the labor shortages are most pressing. act now tors must expand through pools of stock. i urge you to take a look at this and think about the frail and elderly population that we serve. parents, grandparents, aunts, uncles, and doors. those special people that if given some much to us and to our country. we owe it to them to provide the best possible care, don't we? i am here to ask you who will care for them if this critical situation is not taking care of immediately. thank you. i am happy to answer any questions. >> thank you, mr. benjamin and think you to all the witnesses. mr. smith, despite the fact haoverall undocumented immigratn has gone down,
or form. the supreme court said that if you do an internet transaction he did not have to collect taxes. for local government is a decision that will hopefully pool and $23 billion in state local taxes. there's pros and cons. i will still shop online, because i hate people. bipartisan support and the white house said if you pass it, we will approve it. it's more so the matter of when and not if. ming out wir quarterly earnings. >> they don't have a lot of competition. the department of justice have approved mergers that she wouldn't have thought would be passed. the roots are going to be more and more eliminated. they're charging full price and they're not discounting to come peak with one another. if you're an investor, i'm starting to look at them. >> was talk about five to nine plan. i agree with it for college or not. >> i would prefer that parents save for their own retirement first, but if you're wealthy and give max goes outhave maxed those out. 'a great way of saying--saving money passed deferred. i liked it but i prefer that to save it for yourself. 529 plans are really for the
in new york city. new york already has the highest cigarette tax in the country, as of late last ye, 28 states banned smoking in all general workplaces, public places, including bars and restaurants. so this essentially would raise the age if it goes through to the same age where you can buy booze so booze a cigarettes in the same category. >> you wonder if that will backfire make mor kidshe same with alcohol wan to try i because you have to be 21 to have access to it. >> i don't know. >> i tnk it's a great idea. >> i do, too. >> there needs to be some tougher legislation. >> the good news is that new york smoking rateor teens in new york city is at like 8.5%, which is far less than the state average and the national average, but it's been stagnating. it had been dropping and now it's stagnating. i don't see anything wrong with it. >> this continues the long decline of smoking in america some numbers that stunned me t wasn't until 1998 that smoking was banned aboard all u.s. domestic flights under six hours. >> i remember we were talking about how it doesn't seem like it was that long a
Search Results 0 to 6 of about 7